Dime Bank Foundation Inc is a private foundation based in Norwich, Connecticut, established in 1998. The foundation is the philanthropic arm of Dime Bank, enabling the bank to support and give back to the communities it serves. The foundation is a 501(c)(3) organization with tax-exempt status since July 1998.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+12.5% YoY
Annual Giving
$340K
+30.8% YoY
Grant Count
1
-98.3% YoY
Avg Grant Size
$340K
+7616.5% YoY
Mission & Focus Areas
The foundation supports programs designed to promote:
- Affordable housing
- Basic human services for those at-risk
- Cultural enrichment with emphasis on disadvantaged populations
- Education, job training, and literacy
- Opportunities for collaborative efforts
- Services for under-served children, families, or the elderly with emphasis on those with low-to-moderate income levels
The foundation's focus is on programs and activities that provide, strengthen, or enhance services to members of communities that are most at-risk.
Grantmaking
The foundation accepts applications on a year-round basis and awards grants three times per year.
Average Grant
amount varies by funding cycle
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Geographic Focus
Where this funder awards grants
The foundation supports nonprofit organizations and governmental units that provide programs for residents of:
- New London County, Connecticut
- The towns of Glastonbury and Manchester, Connecticut
- The towns of Hopkinton, Richmond, and Westerly, Rhode Island
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $6,666,390 (as of most recent filing)
Annual Giving: $339,608 (based on most recent IRS Form 990 filing from 2024)
Total Historical Giving: More than $1.4 million awarded since the foundation's inception in 1998
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,666,390 | $5,923,425 | $5,304,249 |
| Revenue | $287,802 | $215,705 | $281,910 |
| Expenses | $338,073 | $291,164 | $284,341 |
| Qualifying Distributions | $341,608 | $261,187 | $280,442 |
| Net Investment Income | $285,802 | $214,180 | $280,460 |
| Distributable Amount | $312,864 | $270,448 | $271,144 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
201 grants across all recorded years
Open Grants
1 open opportunity from Dime Bank Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Dee Sullivan served as administrator of the foundation as of 2013.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Nicholas Caplanson | President/Director | 1 | — |
| Deirdre Sullivan | Secretary | 1 | — |
| Atty Linda L Mariani | Director | 1 | — |
| Dr Mark E Tramontozzi | Director | 1 | — |
| Lee-Ann Gomes | Director | 1 | — |
| Steven L Bokoff | Director | 1 | — |
| Peter Maneri | Director | 1 | — |
| BONNIE STEWART | Director | 1 | — |
| PAUL MAXFIELD | DIrector | 1 | — |
| John Lund | VP/Treasurer | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has continued its grantmaking activities, with recent awards announced to organizations providing community services, housing assistance, and food services in its service areas.
Dime Awards Grant to LIEOC for Community ServicesSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Dime Bank Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities